DUBLIN--(BUSINESS WIRE)--The "Thermoplastic Composites - Global Market Outlook (2017-2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Thermoplastic Composites Market accounted for $26.16 billion in 2017 and expected to grow at a CAGR of 10.2% to reach $67.87 billion by 2026.
Factors like increasing demand in transportation and aerospace & defense applications, flexibility, corrosion resistance and durability offered by these products and increasing requirements for lightweight materials are driving the market growth. However, high raw material cost and limited reprocessing of thermoplastic composites are the challenges faced by the market.
Based on Application, PPS resins are widely used for A&D. Boeing and Gulfstream Aerospace are creating a demand for thermoplastic composite parts. Increasing demand for advanced composites in the structural applications of aircraft resulted in production rates of composites. Thermoplastic composite materials facilitate more rapid cycle times by eliminating the need for a cure dwell at temperature. Furthermore, induction heating can heat materials very quickly and efficiently especially when coupled with low thermal mass tool designs. Syntactic materials are used to fill honeycomb core or hollow spaces. They provide strength for fasteners and prevent moisture/fluid ingress. Core splices or foams represent syntactic materials that contain a blowing agent.
Based on Fiber, Carbon fiber reinforced composites (CRFP) are replacing steel and aluminum in a growing range of products. Carbon fiber is significantly more expensive than glass fiber and therefore is still primarily used in high performance applications where weight-saving requirements are critical. Carbon fiber demand by the automotive industry will rise sharply in coming years. The increasing need for energy independence and geopolitical energy security and increasing wind power capacity across the globe is creating a huge demand for composite materials. Large-to w carbon fiber capacity is 37% of to tal capacity worldwide.
Key Topics Covered
1 Executive Summary
3 Market Trend Analysis
4 Porters Five Force Analysis
5 Global Thermoplastic Composites Market, By Resin
6 Global Thermoplastic Composites Market, By Product
7 Global Thermoplastic Composites Market, By Fiber
8 Global Thermoplastic Composites Market, By Application
9 Global Thermoplastic Composites Market, By Geography
10 Key Developments
11 Company Profiling
- BASF SE
- AVANCO Group (Xperion Performance Polymer Composites)
- DSM N.V.
- GKN Aerospace (Fokker Aerostructures)
- Kingfa Science and Technology
- Koninklijke Ten Cate BV
- Premium AEROTEC GmbH
- RTP Company
- SGL Carbon SE
- Solvay S.A
- Teijin Limited
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